TY  - JOUR
PY  - 2020//
TI  - Determinants of vehicle ownership in Nigeria
JO  - Sage open
A1  - Ukonze, Frances Ifeoma
A1  - Nwachukwu, Maxwell Umunna
A1  - Mba, Harold Chike
A1  - Okeke, Donald Chiuba
A1  - Jiburum, Uloma
SP  - e2158244020922970
EP  - e2158244020922970
VL  - 10
IS  - 2
N2  - Vehicle ownership has increased tremendously in Nigeria for the past decades. This study determined factors that influence vehicle ownership intending to develop a more appropriate basis for forecasting vehicle ownership in the country. Multiple linear regression technique was used to identify the factors that influence vehicle ownership using national data from secondary sources. The results showed that four socioeconomic factors, namely, gross domestic product, per capita income, fuel price, and literacy level, as well as one physical factor, namely, stock of public transport vehicles, have significant effects on vehicle ownership at.01 significance level. Vehicle ownership was 35.3 million in 2018. It will increase to 48.7, 66.2, and 76.1 million in 2030, 2040, and 2050, respectively. Consequently, the formulation of appropriate policy that will be useful for monitoring key parameters is germane for predicting vehicle ownership in the country.<p />  <p>Language: en</p>
LA  - en
SN  - 2158-2440
UR  - http://dx.doi.org/10.1177/2158244020922970
ID  - ref1
ER  -